ExxonMobil picked for Upper Zakum talks

The Abu Dhabi Supreme Petroleum Council selected ExxonMobil Corp. for final negotiations of an 28% equity interest in giant offshore Upper Zakum oil field.

April 7, 2005

By OGJ editors

HOUSTON, Apr. 7 -- The Abu Dhabi Supreme Petroleum Council selected ExxonMobil Corp. for final negotiations of an 28% equity interest in giant offshore Upper Zakum oil field.

ExxonMobil would become a partner in the field Abu Dhabi National Oil Co. Japan Oil Development Co., a partner with ADNOC in Zakum Development Co., holds a 12% interest in the field.